Different stamp duty land tax (SDLT) rates apply to residential and to commercial properties. The residential rates are higher, particularly where the 3% supplement for second and subsequent properties applies.
As a change to the rules look likely, those planning on purchasing a mixed-use property may wish to do so sooner rather than later to take advantage of the current…
Under the current rules, the commercial property rates apply to mixed dwellings regardless of the split between the residential and non-residential elements. The SDLT payable on a mixed-use property can…
Mixed-use land and property is land and property that comprises both residential and non-residential elements. Non- residential property includes: commercial property, such as shops and offices; property that is not…